Effective October 27, we’re updating our range of term life products to better meet your clients’ changing needs. We’ve adjusted the premiums, enhanced existing features and introduced new ones to help you better support them.
Be sure to attend our webinar - External link. Opens in a new window.
on October 28!
New flexible features for every stage of life
Some of our products’ existing features continue to be key factors that set us apart in the market:
- Conversion option to 14 permanent life products without evidence of insurability, up to age 70
- Association option, up to age 70
- Insurability option to split joint coverage into two individual coverages
Our range of term life products continues to evolve with the improvements coming this fall!
For policies sold on or after October 27:
Automatic renewal every 5 years | Our T10, T15, T20, T25 and T30 products will now offer automatic renewal every five years, up to age 85. No action or medical proof required: Coverage continues without interruption, giving your clients peace of mind. |
Enhanced T65: More flexibility after age 65 |
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Extended exchange option | The policyowner will now be able to exercise the exchange option during the first seven years after purchasing the policy, giving clients more time and flexibility to adapt the coverage to their changing needs. |
Wider scope for illustrations | The maximum amount you can illustrate is increasing from $20 million to $25 million, giving you more leeway to respond to your clients’ needs.1 |
More competitive pricing
Adjusted rate bands | We’ve revised the rate bands to make our products more competitive:
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Revised premiums to enhance our competitive edge | To make our products more competitive in the market, we’ve adjusted our premiums, with costs now generally lower when a policy is purchased.
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1. To get an illustration for an insurance amount over $25 million, write to special.quotes@dsf.ca
Insurance applications submitted before October 27, 2025, with a decision as of that date
Insurance amount of $50,000 or more
Term life | Take action quickly for the policy to be produced!
- You’ll receive a notification via the Pending Business tool (PB tool) informing you that the policyowner must choose between the old or new product version. Help them choose the best solution for their situation.
- You’ll need to enter their choice in the PB tool.
- If the policyowner chooses the new product version, you need to include an up-to-date illustration.
- The policyowner has up to 25 calendar days to make their choice. Take action quickly! If we don’t receive a response, the contract produced will be based on the features of the old product version.
Term universal life
- The version with the best premium will be offered automatically.
Insurance amount below $50,000
Term life and term universal life
- The contract produced will be based on the old product version because the new version doesn’t offer the insurance amount selected.
Join our webinar, Term Life Insurance – A Flexible Solution to Meet Your Clients’ Evolving Needs to find out or learn more about the key features of term life insurance and the latest updates.
On the agenda:
- Overview of main product features
- Updates
- Specific examples to demonstrate a product’s flexibility and ability to adapt to changing clients needs
Date: Tuesday, October 28, 2025
Time: 1 p.m. (ET)
Duration: 60 min
This webinar is currently awaiting approval from several organizations to offer one professional development unit (PDU).